TURKEY: HOUSE SALES DECREASE IN DECEMBER

Turkish Statistical Institute (TUIK) on Wednesday announced house sales statistics.
 
In Turkey, house sales decreased by 1.9% in 2019 compared to the previous year and hence, became 1 348 729. In house sales, 332 508 house were sold by mortgage sales and ownership of 1 016 221 houses changed by other sales. The share of the mortgage sales were 24.7%. In Turkey, first house sales were 511 682 and second hand house sales were 837 047 in 2019. The share of the first house sales were 37.9% and the second hand sales were 62.1%. For the house sales of 2019, İstanbul had the highest share of house sales with 17.6% and 237 675 sold house. The followers of Istanbul were Ankara with 132 486 house sales with 9.8% and İzmir  79 221 house sales with 5.9%. The least house sold province is Ardahan with 185 house sales.
 
In Turkey, house sales increased by 47.7% in December 2019 compared to the same month of the previous year and hence, became 202 074. For the house sales of December 2019, İstanbul had the highest share of house sales with 20% and 40_317 sold house. The followers of İstanbul were Ankara with 20 084 house sales and İzmir 12 284 house sales with the share of 9.9% and 6.1% respectively. The least house sold provinces were Hakkari with 29 house sales, Ardahan with 33 house sales and Tunceli with 103 house sales.
 
House sales to foreigners increased by 14.7% in 2019 compared to the previous year. In house sales to foreigners, İstanbul was the first province with 20 857 sales in 2019. Antalya was the second province with 8 951 sales. Antalya was followed by 2_539 sales with Ankara and 2 213 sales with Bursa.